Those of you who read my blog about Laurel Maryland real estate, should recall my earlier post about the $7500 tax credit for first time home buyers.  This credit is actually available for all first time home buyers of Maryland real estate.

Just wanted to make you aware of a couple items regarding the tax credit.  If you earn this tax credit and then sell your home at a loss or your gain is less than the actual tax credit, you only have to pay the difference.  In other words, you buy your Maryland home for $300K and then sell it three years later $303K.  You would only have to pay back $3K of the credit.  If you sold your Maryland home at a loss, you would not have to pay any of the credit.

I also wanted to point out that this first-time homebuyer credit expires in June of 2009.   This is an incredible bargain for buyers of Maryland real estate.

For more information about Maryland real estate visit Maryland home for sale.